Cleghorn Minerals Ltd. (TSXV:CZZ) announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 on January 30, 2020. The transaction will include participation from directors and/or officers of the company. Each unit consists of one common share and one non-transferable share purchase warrant, each warrant can be exercised for one additional common share at a price of CAD 0.10 per share, for a period of three years from the date of closing. All securities issued are subject to a hold period of four months and one day. The transaction is subject to the approval of the TSX Venture Exchange.